There is nothing wrong with asking for donations - just make sure you treat them correctly with the IRS and your state's taxing authority. Don't want to get in trouble there.

Might be harder to sell it to potential donors - but do know that people like to give and help out. Just appeal to that side of their personality.

Ways to ask is just to ask. If they say no - so what. Some people will give just because you put them on the spot. Think about all the pan handlers that merely stare at you - how many give them money (a lot).

There is nothing "wrong" about asking for donations. As previously mentioned, unless you are a qualified recipient - the donations are income to you and not tax deductible to the giver.

Choosing the right path (capital strategy) is the first key to success. Whether donations is a good (or best) strategy for you would depend upon a number of factors, starting with how much capital the business will need - now and in the future.

If you want to discuss your specific situation, feel free to drop me a Pm or contact me directly.